(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock index futures were little changed on Tuesday as investors hesitated to push the market higher, with major indexes near record levels. Dow Jones industrial average futures were up 0.02 percent at 16,448, S&P 500 futures were down 0.08 percent at 1,874.3 and Nasdaq 100 futures were down 0.08 percent at 3,588.
** OFFICE DEPOT INC, Monday close $4.17, +9.35 pct premarket
** STAPLES INC, Monday close $12.55, +2.79 pct premarket
The company raised its forecast for full-year adjusted operating income and said it would close at least 400 stores in the United States over two years. The company also reported better-than-expected quarterly results due to cost-cutting.
** FOREST OIL CORP, Monday close $1.79, +40.22 pct premarket
Sabine Oil & Gas LLC said it would buy Forest Oil, which is valued at about $213 million, in an all-stock deal. Upon completion of the deal, Sabine unit holders will own about 73.5 percent of a new combined entity and Forest shareholders will own about 26.5 percent.
** ATHENAHEALTH INC Monday close $126.78, -11.38 pct premarket
Hedge fund manager David Einhorn said on Monday that athenahealth is one of the companies in which his firm, Greenlight Capital, has taken a short position.
** TABLEAU SOFTWARE INC, Monday close $57.99, +8.10 pct premarket
The company reported a much smaller-than-expected quarterly loss as the data analysis software maker added 1,800 new customers.
** MERCK & CO INC, Monday close $58.63, +1.31 pct premarket
Germany’s Bayer AG has trumped rival bidders for Merck’s consumer care business in a $14.2 billion deal, adding to a string of major cross-border deals in the healthcare industry.
** LIBERTY INTERACTIVE CORP, Monday close $29.15
** TRIPADVISOR INC, Monday close $84.71
John Malone’s Liberty Interactive filed with regulators to spin off its 22 percent stake in travel website TripAdvisor and 100 percent ownership of online retailer BuySeasons.
** PFIZER INC Monday close $29.96, +0.27 pct premarket
Representatives from the U.S. drugmaker and British pharmaceutical firm AstraZeneca will be called before a British parliamentary committee to discuss a potential takeover deal in the coming weeks, a committee spokesman said.
Separately, AstraZeneca laid out its defence against Pfizer $106 billion takeover approach on Tuesday, painting a bullish picture of its new drug pipeline and forecasting sales above $45 billion by 2023.
** APPLE INC Monday close $600.96, -0.06 pct premarket
A U.S. jury on Monday left the total damages Samsung Electronics Co Ltd must pay Apple unchanged at $119.6 million, after additional deliberations in a trial where the South Korean smartphone maker was found to have infringed three Apple patents.
Separately, the company granted its new retail chief 113,334 restricted stock units, the company said in a regulatory filing on Monday, valued at $68.1 million based on Monday’s closing share price.
** FABRINET, Monday close $22.06, -12.06 pct premarket
The maker of precision optical devices forecast a weak current quarter.
Needham analysts downgraded the stock to “hold” from “buy” and said the company might be losing market share in its data communication business.
** FANNIE MAE, Monday close $4.1, +2.93 pct premarket
** FREDDIE MAC, Monday close $4.23, +0.00 pct premarket
Activist investor William Ackman said on Monday he recommends the shares of the mortgage finance giants because the companies have low liquidity risk.
Ackman, speaking at the Sohn Investment Conference in New York, said the shares of the companies, both of which are now trading around $4 a share, could be worth $23. A better case would be for them to trade around $47 a share, he said.
** BARCLAYS PLC, Monday close $17.28, -3.13 pct premarket
The company said a collapse in investment bank revenue hit first quarter profits and was still hurting income in April as the British bank works on an overhaul of the flagging business, expected to be announced later this week.
** TARGET CORP, Monday close $59.87, -0.37 pct premarket
The company’s decision to oust Gregg Steinhafel as chairman and chief executive some five months after a massive data breach has triggered concerns the No. 3 U.S. retailer might have even more bad news for investors.
** ACTIVISION BLIZZARD INC, Monday close $19.42
The company intends to spend $500 million developing and promoting “Destiny,” potentially breaking industry records as it seeks to build the sci-fi role-playing videogame into its next multibillion-dollar franchise.
** AMERICAN INTERNATIONAL GROUP INC, Monday close $52.72, -2.41 pct premarket
The company posted a 27 percent fall in quarterly income, hurt by a drop in earnings from premiums and higher disaster losses in its core property and casualty insurance business.
** ALLERGAN INC, Monday close $169
Activist investor William Ackman, Allergan’s largest shareholder, has cautioned the company against pursuing any alternative deal that did not offer a better value than Valeant Pharmaceuticals International Inc’s $47 billion bid.
** UBS AG, Monday close $20.84, +1.82 pct premarket
The company will revamp its corporate structure to ensure it can be broken up more easily in a crisis, cutting the amount of money it must set aside for potential losses and allowing it to pay shareholders a special dividend.
** INTEL CORP, Monday close $26.17, -0.04 pct premarket
The company has hired senior Staples executive Steven Fund to oversee its global marketing, a novel pick that the chipmaker hopes will improve its profile in an industry where laptops have become blase compared to tablets and smartphones.
** GENERAL ELECTRIC Monday close $26.58, -0.08 pct premarket
The French government rejected the company’s current bid for Alstom’s energy assets on Monday, but opened the door for a deal that would also combine the two companies’ rail businesses.
** LEXMARK INTERNATIONAL, Monday close $42.29
The U.S. group said it made a 1.2 billion crown ($183.20 million) cash bid for Sweden’s Readsoft that was unanimously recommended by the software company’s board.
** ADVANCED MICRO DEVICES, Monday close $4.09, +0.24 pct premarket
The chipmaker has expanded its licensing technology agreement with Britain’s ARM Holdings as the U.S. company seeks growth outside the slowing personal computer industry.
** METLIFE INC, Monday close $51.53, -0.52 pct premarket
The China venture of the U.S. life insurer has become the first foreign-backed insurance firm to receive regulatory approval to set up a branch in Shanghai’s free trade zone.
** WESTERN REFINING INC, Monday close $43.53, +2.23 pct premarket
The oil refiner reported a better-than-expected adjusted quarterly profit and said the second quarter was off to a “strong start”, with refining margins picking up.
** RENESOLA LTD, Monday close $2.75
The Chinese solar company said it would supply 1.6 megawatts (MW) of solar modules and 1 MW of mounting systems to a privately held energy and engineering company to power several residential and commercial rooftop projects in Jordan.
** HOLLYFRONTIER CORP, Monday close $51.6, -2.71 pct premarket
The oil refiner’s quarterly profit fell 54 percent as its refined product margins declined.
** DISCOVERY COMMUNICATIONS INC, Monday close $77.77
The company reported a 22 percent rise in quarterly revenue, helped by strong advertising growth in its international networks.
** MOSAIC CO, Monday close $49.71, -0.82 pct premarket
The U.S. fertilizer company reported a 43 percent plunge in quarterly profit on Tuesday as prices of phosphate and potash dropped.
** VIVUS INC, Monday close $5.19, +2.31 pct premarket
The drugmaker reported a smaller-than-expected loss in the first quarter, helped mainly by lower operating expenses and higher sales of its obesity treatment.
** ATLANTIC POWER CORP, Monday close $3.30, down 3 pct after market
The company, which generates and sells electric power to utility companies in Canada and the United States, said on Monday that it has engaged Goldman Sachs & Co and Greenhill & Co LLC to consider asset sales or joint ventures to raise additional capital for growth or potential debt reduction.
** GOLDMAN SACHS, Monday close $49.56, -0.12 pct premarket
The U.S. bank invested $100 million in a Russian real estate firm, bucking the trend of international investors draining money from the country as the Ukraine crisis escalates.
** CORINTHIAN COLLEGES INC, Monday close $1.19, +0.84 pct premarket
The company said it would explore strategic alternatives as student enrollments decline and the company faces potential legal action from U.S. regulators.
** HILLSHIRE BRANDS CO, Monday close $35.3, +3.97 pct premarket
The company reported better-than-expected quarterly results, helped by strong sales of its Jimmy Dean products including breakfast sandwiches. (Compiled by Natalie Grover; Edited by Maju Samuel)